The Indian Rupee (INR) saw a significant rebound against the US Dollar (USD) in the early trading session on Wednesday, as the USD/INR currency pair dropped over 1% to around 90.00. This decline follows an all-time high of 91.56, triggered by the Reserve Bank of India's (RBI) strategic intervention in both the spot and Non-deliverable Forward (NDF) markets.
The RBI's actions aim to stabilize the exchange rate and curb volatility in the forex market, reflecting its commitment to maintaining economic stability. As trading continues, market participants will closely monitor the INR's performance against the USD, along with other influential currencies like the EUR, to gauge further implications for the broader currency landscape.
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Data Source: FX Killer Analysis Team Updated: 2025-12-17 07:22
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.